Category Archives: Revocable Trust
Protecting Your Assets from Nursing Homes with Irrevocable Living Trusts
The out-of-pocket costs of nursing homes can quickly deplete your savings. While Medicaid can cover the costs of some or all of your nursing home expenses, the federal program is restricted to those of very limited financial means. In other words, there’s a good chance you have too much money to qualify for Medicaid…. Read More »
Does a Revocable Living Trust Transfer from One State to Another?
If you previously worked with an estate planning lawyer to create a revocable living trust, make sure you stay on top of any edits to your plan that may be required when you move. Your trusts should primarily remain valid if you decide to relocate to another state. However, it is important to be… Read More »
Should Tangible Personal Property Go into a Revocable Trust?
Many different kinds of assets can be appropriately placed inside a revocable trust in order to provide control, flexibility and privacy for how those assets are transferred to beneficiaries. Tangible personal property such as clothing, jewelry, personal papers, computers, books and household goods can be included in trusts, but might be more appropriate as… Read More »